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Complete financial analysis of Galaxy Gaming, Inc. (GLXZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Galaxy Gaming, Inc., a leading company in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector.
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Galaxy Gaming, Inc. (GLXZ)
About Galaxy Gaming, Inc.
Galaxy Gaming, Inc., a gaming company, designs, develops, acquires, assembles, markets, and licenses proprietary casino table games and associated technology, platforms, and systems for the casino gaming industry. The company's proprietary table games comprise side bets, which are proprietary features and wagering options added to public domain games, such as poker, baccarat, pai gow poker, craps, and blackjack table games under the Lucky Ladies, 21+3, and Bonus Craps titles; and premium games, which are stand-alone games with their own set of rules and strategies under the Heads Up Hold 'em, High Card Flush, Cajun Stud, and Three Card Poker. It also provides enhanced table systems, which include Bonus Jackpot System, an electronic system installed on gaming tables designed to collect data by detecting player wagers and other game activities. In addition, the company offers automated electronic tables and other ancillary equipment, as well as relicenses various game titles to operators of online gaming systems. The company markets its products to online casinos worldwide; land-based casino gaming companies in North America, the Caribbean, Central America, the United Kingdom, Europe, and Africa; and cruise ship companies. Galaxy Gaming, Inc. was founded in 2006 and is headquartered in Las Vegas, Nevada.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.79M | 23.44M | 19.98M | 10.23M | 21.30M | 18.56M | 14.86M | 12.45M | 10.95M | 9.85M | 8.22M | 7.22M | 3.68M | 3.05M | 2.77M | 0.00 | 0.00 | 336.95K | 549.21K | 939.66K | 1.44M |
| Cost of Revenue | 1.26M | 198.53K | 80.83K | 72.68K | 230.46K | 142.78K | 226.08K | 134.28K | 95.93K | 80.53K | 106.03K | 70.21K | 99.22K | 135.74K | 223.72K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 491.03K |
| Gross Profit | 26.53M | 23.24M | 19.90M | 10.16M | 21.07M | 18.42M | 14.63M | 12.32M | 10.86M | 9.76M | 8.11M | 7.15M | 3.59M | 2.92M | 2.54M | 0.00 | 0.00 | 336.95K | 549.21K | 939.66K | 950.04K |
| Gross Profit Ratio | 95.45% | 99.15% | 99.60% | 99.29% | 98.92% | 99.23% | 98.48% | 98.92% | 99.12% | 99.18% | 98.71% | 99.03% | 97.31% | 95.56% | 91.91% | 0.00% | 0.00% | 100.00% | 100.00% | 100.00% | 65.93% |
| Research & Development | 823.19K | 584.51K | 520.45K | 487.68K | 821.13K | 926.47K | 488.83K | 353.82K | 454.94K | 472.57K | 466.91K | 332.54K | 286.14K | 285.31K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 16.70M | 13.83M | 12.18M | 9.70M | 14.22M | 11.68M | 9.87M | 6.88M | 7.25M | 5.86M | 4.22M | 4.11M | 0.00 | 0.00 | 0.00 | 252.74K | 411.86K | 850.60K | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | -1.28M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 16.70M | 13.83M | 12.18M | 9.70M | 14.22M | 11.68M | 9.87M | 6.88M | 7.25M | 5.86M | 4.22M | 4.11M | 3.20M | 2.68M | 0.00 | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 2.17M |
| Other Expenses | 2.27M | 2.76M | 2.86M | 2.22M | 1.95M | -57.50K | 1.77M | 697.21K | 1.67M | 1.67M | 1.63M | 1.62M | 457.63K | 0.00 | 2.74M | 0.00 | 0.00 | 248.14K | 0.00 | 0.00 | -448.40K |
| Operating Expenses | 19.80M | 17.17M | 15.56M | 12.41M | 17.00M | 14.45M | 12.13M | 8.93M | 9.38M | 8.00M | 6.32M | 6.06M | 3.94M | 2.97M | 2.74M | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 1.72M |
| Cost & Expenses | 21.06M | 17.37M | 15.64M | 12.49M | 17.23M | 14.59M | 12.35M | 9.06M | 9.48M | 8.09M | 6.42M | 6.13M | 4.04M | 3.10M | 2.97M | 252.74K | 411.86K | 850.60K | 2.49M | 3.79M | 2.21M |
| Interest Income | 611.27K | 71.22K | 2.05K | 25.70K | 68.63K | 1.50K | 188.00 | 202.00 | 13.34K | 23.48K | 23.26K | 21.60K | 24.82K | 26.15K | 29.27K | 31.60K | 0.00 | 574.00 | 28.85K | 22.07K | 10.33K |
| Interest Expense | 9.06M | 7.41M | 1.51M | 683.36K | 1.19M | 999.64K | 1.70M | 1.21M | 1.05M | 1.09M | 1.03M | 882.55K | 89.84K | 114.41K | 176.67K | 239.00 | 6.14K | 137.92K | 193.89K | 296.70K | 203.00K |
| Depreciation & Amortization | 2.52M | 2.99M | 3.09M | 2.55M | 2.22M | 1.84M | 1.77M | 1.70M | 1.67M | 1.67M | 1.63M | 1.62M | 457.63K | 39.09K | 23.08K | 0.00 | 288.36K | -42.58K | -43.95K | -87.39K | -80.11K |
| EBITDA | 9.85M | 8.84M | 6.75M | 419.62K | 5.85M | 4.25M | 4.02M | 5.44M | 3.16M | 3.43M | 3.43M | 2.78M | 126.30K | 17.64K | -148.01K | -356.90K | -123.50K | -586.53K | -1.94M | -2.85M | -1.10M |
| EBITDA Ratio | 35.46% | 38.97% | 33.79% | -4.50% | 29.80% | 31.32% | 28.75% | 40.86% | 28.86% | 35.09% | 42.00% | 37.77% | 3.43% | 0.58% | -5.35% | 0.00% | 0.00% | -164.08% | -774.92% | -455.96% | 49.44% |
| Operating Income | 6.73M | 6.07M | 4.35M | -2.26M | 4.07M | 3.97M | 2.50M | 3.39M | 1.47M | 1.23M | 1.64M | 1.09M | -356.16K | -47.60K | -200.36K | -252.74K | -411.86K | -761.79K | -2.16M | -2.85M | -1.22M |
| Operating Income Ratio | 24.22% | 25.90% | 21.74% | -22.04% | 19.12% | 21.40% | 16.85% | 27.22% | 13.46% | 12.51% | 20.00% | 15.10% | -9.67% | -1.56% | -7.24% | 0.00% | 0.00% | -226.09% | -392.87% | -303.17% | -84.46% |
| Total Other Income/Expenses | -8.46M | -7.64M | -2.18M | -559.81K | -1.12M | -2.50M | -1.95M | -852.71K | -819.97K | -1.07M | -1.01M | -810.95K | -117.18K | -88.26K | -147.41K | 39.68K | 102.79K | -153.67K | 21.08K | 1.38M | -1.48M |
| Income Before Tax | -1.73M | -1.56M | 2.16M | -2.81M | 2.95M | 1.41M | 553.15K | 2.54M | 439.48K | 161.63K | 633.08K | 279.90K | -473.34K | -135.86K | -347.76K | -371.59K | -309.07K | -740.20K | -2.71M | -1.47M | -2.70M |
| Income Before Tax Ratio | -6.22% | -6.67% | 10.81% | -27.51% | 13.87% | 7.62% | 3.72% | 20.37% | 4.01% | 1.64% | 7.70% | 3.88% | -12.85% | -4.45% | -12.57% | 0.00% | 0.00% | -219.68% | -492.90% | -155.98% | -187.25% |
| Income Tax Expense | 79.23K | 208.89K | 48.64K | -605.94K | 10.02K | 196.80K | 564.57K | 770.72K | 251.63K | 139.75K | 69.77K | -341.82K | 89.84K | 26.15K | 129.22K | 800.00 | 397.30K | 269.13K | -2.59M | -106.98K | 2.22M |
| Net Income | -1.81M | -1.77M | 2.11M | -2.21M | 2.94M | 1.22M | -11.42K | 1.77M | 187.85K | 21.89K | 563.32K | 621.73K | -473.34K | -135.86K | -447.71K | -372.39K | -309.07K | -740.20K | 793.83K | -2.71M | -2.90M |
| Net Income Ratio | -6.50% | -7.56% | 10.57% | -21.59% | 13.82% | 6.56% | -0.08% | 14.18% | 1.72% | 0.22% | 6.85% | 8.61% | -12.85% | -4.45% | -16.19% | 0.00% | 0.00% | -219.68% | 144.54% | -288.09% | -201.58% |
| EPS | -0.07 | -0.07 | 0.10 | -0.12 | 0.12 | 0.03 | 0.00 | 0.05 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | 0.00 | -0.01 | -0.04 | -1.90 | -8.72 | 20.80 | -109.95 | -227.48 |
| EPS Diluted | -0.07 | -0.07 | 0.10 | -0.12 | 0.11 | 0.03 | 0.00 | 0.04 | 0.01 | 0.00 | 0.01 | 0.02 | -0.01 | 0.00 | -0.01 | -0.04 | -1.90 | -8.72 | 20.80 | -109.95 | -227.48 |
| Weighted Avg Shares Out | 25.54M | 24.77M | 20.33M | 18.28M | 25.52M | 39.82M | 39.42M | 39.16M | 39.07M | 38.51M | 38.31M | 38.11M | 35.43M | 33.93M | 30.29M | 10.00M | 162.86K | 84.86K | 38.26K | 24.62K | 12.77K |
| Weighted Avg Shares Out (Dil) | 25.54M | 24.77M | 21.84M | 18.28M | 27.14M | 41.20M | 39.42M | 39.59M | 39.12M | 38.52M | 38.31M | 38.31M | 37.51M | 33.93M | 30.48M | 10.00M | 162.86K | 84.86K | 58.11K | 24.62K | 12.77K |
Evolution to acquire Galaxy Gaming, a leading independent developer and distributor of casino table games and technology
LAS VEGAS, July 18, 2024 (GLOBE NEWSWIRE) -- Evolution AB (publ)'s wholly owned subsidiary, Evolution Malta Holding Limited, (“Evolution”) has entered into an agreement to acquire Galaxy Gaming, Inc. (“Galaxy Gaming”) (OTC:GLXZ) for a total equity value of approximately $...
Galaxy Gaming Appoints Steve Kopjo as Chief Financial Officer
LAS VEGAS, May 23, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, announces the appointment of Steve Kopjo as the company's new Chief Financial Officer. Amid...
Galaxy Gaming Reports Q1 2024 Financial Results
LAS VEGAS, May 13, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced today its financial results for the quarter ended March...
Galaxy Gaming® Highlights Galaxy Operating System™ and EZ Baccarat® at IGA 2024
LAS VEGAS, April 02, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's leading independent developer and distributor of casino table games and technology, will showcase their innovative new table game operating system and player-favorite table games at...
Galaxy Gaming Announces its Annual Meeting of Stockholders For 2024-
LAS VEGAS, March 27, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ) (“Galaxy” or the “Company”), a developer and distributor of online and land-based casino table games and enhanced systems, announced today that its annual meeting of stockholders will...
Galaxy Gaming Provides Update to Earnings Release
LAS VEGAS, March 26, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced corrections to certain financial information provided in the earnings...
Galaxy Gaming Reports Q4 and FY 2023 Financial Results
LAS VEGAS, March 25, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ), a developer and distributor of casino table games and enhanced systems for land-based casinos and iGaming content, announced today its financial results for the quarter and year...
Galaxy Gaming Announces its Annual Meeting of Stockholders For 2024
LAS VEGAS, March 22, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCQB: GLXZ) (“Galaxy” or the “Company”), a developer and distributor of online and land-based casino table games and enhanced systems, announced today that its annual meeting of stockholders will...
Galaxy Gaming Welcomes Michael Ratner as Executive Vice President of Product
LAS VEGAS, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, announced the appointment of Michael Ratner as the company's new Executive Vice President of...
Galaxy Gaming® Debuts a Smarter Way to Play™ at ICE London 2024
LAS VEGAS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTC: GLXZ), the world's largest independent developer and distributor of casino table games and technology, will showcase their innovative new table game operating system, brand-new table games, and their...
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